Stock On the Move

Friday, July 07, 2006

Stocks On The Move - July 7

Stocks Rise on Heavy Volumn
  • RadioShack Corp. (RSH): the nations top consumer electronic retailers soared 23.26% to $16.96 per share after the company named new cheif executive Julian Day who made a dramatic turnaround for KMart. The stock made a turnaround after the announcement as it reversed the year long downtrend which began February of last year at near $35 per share all the way down to 52 weeks low of $13.73 yesterday. The stock was the biggest winner and the seven heaviest traded on NYSE today with 19 million shares traded or 10 times average volumn. This is a perfect time to buy the stock as its P/E is relatively low at 10.99 compared to it's rival Best Buy(21.75) and Circuit City(28.57).
  • Digitas In. (DTAS): shares of Boston based interactive media and marketing company surged 8.93% or 93 cents to $11.34 per share on analyst upgrade citing buying opportunity due to recent slump on speculation that major clients may flee alway. The sell-off which began in May send the stock from almost $15 per share down to $10.41 per share yesterday, losing 30% in just two months. The positive comment from the analyst should help regain investor confidence and sparks more buying. The stock was the fifteenth leading gainer on Nasdaq today.

Stock Drop on Heavy Volumn

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